Are you part of a financial services company? Are you part of a company that wants to improve your financial processes? Can you benefit from streamlined interaction with your clients, customers, or suppliers? Do you want to modernize your financial software and services? If so, Codein should be your financial software development company.
Financial Software Development
Financial Software Development Services
What are your biggest business challenges? Can custom financial software solutions help address those concerns? Do you need to streamline internal financial processes? Do you want to provide clients with self-service tools? Are you looking to establish banking-related services? Do you have regulatory compliance concerns? There are many ways our consulting services can be used to harness financial software development solutions to improve your business.
Core corporate finance includes accounting, accounts payable, accounts receivable, financial planning, and financial reporting functionality. Does your current back office software meet all your needs? Can clients and customers quickly pay what they owe? Can they use self-service functionality to see the status of their bills? Can suppliers easily check the status of their accounts? Is your financial data a harvestable asset or a black hole?
There are many ways to extend your core financial systems, streamline your processes, and improve your relationship with clients, customers, and suppliers. Our financial software developers can create financial solutions that make sense for you.
Client Personal Finance
Do you provide financial services to clients? Would client satisfaction and retention improve if they used your Fintech services to manage their finances?
Are you considering a digital transformation? Can your banking clients efficiently use self-service functionality? Can they use your mobile banking solutions to access their accounts from their phone? Can they quickly pay bills from home or a motel room during a business trip? Can they transfer funds within the bank or enroll in new digital banking services you offer?
Fintech Software Features
Fintech software development services apply modern technology capabilities to improve financial processes. A key feature of Fintech is to move the financial sector from on-premise transactions to internet-based transactions. Fintech focuses on how banking and financial services can be improved using process automation and self-service access. These improvements result in both higher process efficiency and greater client/customer/supplier satisfaction.
Gone are the days when financial service organizations internally built large monolithic systems using proprietary technology. Instead, modern Fintech development consolidates existing services into smaller point solutions. Why would you create your own payment processing services when you can integrate external payment gateways to accept self-service payments?
Fintech approaches shift the focus of the development team. Instead of building foundation services, your Fintech software developers can focus on the business process and the user experience. Compared with traditional development approaches, Fintech means that you will:
- see applications produced faster,
- enjoy more reliable foundation services maintained by others,
- be able to focus on improving business processes, and
- be able to focus on the user experience.
Exposing your systems to the internet opens many business opportunities. It also introduces risks. A good Fintech solution needs to focus on both the solution and cybersecurity. Clients, customers, and suppliers need to trust that your financial applications are safe and secure.
Technologies We Use in Fintech Software Development
For Fintech software solutions, we use a broad range of technologies. Database services provide the persistent storage needed for your Fintech platform data. Middle-tier web services integrate external services into your applications. Frontend development renders those services into web-based applications. Smartphone applications can then be built on top of application and integration web services to provide access from computers, tablets, or smartphones.
Our extensive experience with open source and commercial database systems allows us to select the best database management system (DBMS) for your project. Our backend developers will configure the database for optimal performance and develop the needed storage objects using that DBMS.
We have worked with a wide variety of web server development tools. We will select the best tools to develop the web services needed for your application. Many of the critical components required by business processes are delivered as web services on this tier. For example, digital payments and Fintech app integration are enabled at this tier.
The user experience is key to the success of most Fintech projects. We have used numerous frontend development tools. Based on our experience, we will pick the best tools for this tier.
Fintech solutions provide an any-device-any-time experience people expect by including mobile applications. We have extensive experience in creating both Android and iOS based applications that provide a great user experience. Whether you are looking for mobile banking development or different types of Fintech software, our Fintech development teams can build the multi-platform solutions your customers or clients have come to expect.
Why choose Codein for a Banking & Financial Software Development?
Custom Fintech software solutions work because they use modern technologies to address business issues. When Codein takes on a Fintech project, our custom software development services are delivered by a complete team. Our business analysts will work with you to ensure that we understand your business and ensure you know the potential of new technologies. Our project management team will scope and oversee your project to ensure that it meets your needs on time and within budget. Our technology team's passion will ensure core elements are created with the right technology in the right way. Our strong background in cybersecurity will ensure that the resulting solution is both safe to use and secure. Our in-depth knowledge of the Payment Card Industry Data Security Standard (PCI DSS) compliance ensures that payment data is secured appropriately and you can rest assured that you are providing a safe and secure solution to your clients or customers. As a Fintech software development company, enabling your success provides our success.
The company management wants to be able to change the valuation model, have an opportunity for its variable technology assessment, and have an opportunity to involve external loan scoring system for prompt adjustment of products according to the market realities and new target audiences. The decision to create the module was made during the project implementation, time for implementation was limited.
The system was integrated with the payment gateways of several banks, service providers, internal credit management system, also there are plans for the b2b feature segment development. By August, 2017 the system was unstable, the situation demands regular developers intervention to correct numerical errors and investigate incidents. Up to 30% of the time of our team was spent on support tasks and operational bug fixes. Thus the client is dissatisfied with the quality of services, which were provided by the current team for developing and maintaining the system. There are also concerns about the overall quality of the created architecture and code.
Managing Remote Software Development Projects
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The system is developed and implemented. What's next?
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Codein Software Recognized as a Top Ukrainian B2B Company by Clutch.
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